Digital Colony Management, LLC, a Boca Raton, Fla.-based global investment firm dedicated to strategic opportunities in digital infrastructure, closed its inaugural fund, at $4.05 billion.
Digital Colony was launched in 2018 by Digital Bridge Holdings, LLC, an investor in and operator of companies enabling the next generation of mobile and internet connectivity, and Colony Capital, Inc. (NYSE: CLNY), a global real estate and investment management firm.
Commitments to the fund came from a broad mix of U.S. and international investors including sovereign wealth funds, institutional fund managers, pension funds, endowments, insurance companies, family offices and high net worth individuals, many of whom have previously invested with Digital Bridge or Colony Capital in other vehicles.
The fund has made four investments to date:
– Andean Tower Partners, an independent operator of wireless communications infrastructure in Colombia, Peru and Chile that was originally started by Digital Bridge;
– Digita Oy, an owner and operator of broadcast tower infrastructure in Finland and the country’s largest independent owner of telecom towers;
– a U.K. platform which is currently comprised of StrattoOpencell and iWireless Solutions, providers of in-building and outdoor small cell and DAS solutions; and
– Peer 1, a Toronto-based provider of colocation, network connectivity and managed services.
The fund has also signed a definitive agreement in partnership with EQT Infrastructure to acquire Zayo Group Holdings, Inc. (NYSE: ZAYO), which provides bandwidth infrastructure in the United States, Canada and Europe.